Medical Aesthetics Market By Product (Dental Implant, Breast Implant, Facial Aesthetics, Laser-Based Aesthetics, Body Contouring Aesthetics, Others) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026

The medical aesthetics market is set to reach US$ 22,513.3 Mn by 2026 from US$ 9,706.5 Mn in 2017 promoting outstanding growth at a compounded annual growth rate (CAGR) of 9.9 % during the forecast period from 2018 to 2026. As per the latest research citing of International Society for Aesthetic Plastic Surgery (ISAPS) in 2015, approximately 18 million women performed surgical and non-surgical procedures. The popular surgical procedures in women are rhinoplasty, breast augmentation and gluteal implants. Men opted for surgical procedures such as liposuction, eyelid uplift and gynecomastia. Non-surgical aesthetic products such as botulinum toxins, hyaluronic acids, chemical peels and laser skin resurfacing were popular in both the sexes. The limitations associated with medical aesthetics market are frequent product recalls, social stigma and poor reimbursement scenario.

"Increasing geriatric population and availability of diverse products related to facial skin care drive the facial aesthetics market"

Facial aesthetics are leading the product segment for medical aesthetics market. The primary features favoring the facial aesthetics market growth are increasing geriatric population and availability of diverse products for facial skin. Facial aesthetics comprises of surgical and non-surgical procedures. Minimally invasive surgical procedures employs laser technology for hair removal, moles and acne scar treatment. Consumers show avid interest in performing rhinoplasty surgery, forehead lift, dermabrasion, facelift etc. 

Manufacturers are employing 3D technology for making facial prosthesis. It helps in creating precise skeletal model of the patients face including any bone defect. Molds are created by impressing biomaterial on the skeletal model to attain perfect fit. Cosmetic products related to facial skin care, rejuvenation, oxygenation, neurotoxin free botulinum, anti-aging and anti-wrinkle products have penetrated every household throughout the globe. Dental implants have gained tremendous prominence owing to its ability to treat dental deformities and congenital maxillofacial defects. Dentists are widely using the osseointegration process to tightly fuse the bones with surface of materials such as titanium and ceramic.  Breast augmentation is popular among the Caucasian and Mongoloid population. 

Rising prevalence of breast cancer has resulted in increasing number of mastectomy surgeries performed worldwide. Cosmetic lasers are utilized by physicians for treating 30 different types of skin defects. Nd:YAG lasers create homogeneous beam profile to achieve enhanced skin safety and efficacy while treating vascular lesions, dark tattoo removal and skin toning. Optimal pulse technology is harnessed to perform skin treatment by photorejuvenation. Body contouring aesthetics will be highlighting magnificent growth throughout the forecast period 2018 to 2026. Rising prevalence of obesity and increasing demand for liposuction, abdominoplasty, gluteal implants etc. drive the body contouring aesthetics market in North America and Europe.

"Increasing awareness regarding aesthetic procedures and rising demand for minimally invasive procedures drive the market growth in North America"

In the present scenario North America is leading the geographical segment for medical aesthetics market. Increasing awareness regarding aesthetic procedures and rising demand for minimally invasive surgical procedures are driving the market growth in North America. Domicile of key players cater to the aesthetic aspiration of consumers in North America region. In Europe the driving factors are rising prevalence of dental deformities and presence of technological advanced products related to laser based and body contouring aesthetic devices. Asia Pacific is set to register outstanding growth owing to the increasing number of facial trauma cases, rampant growth in cosmetic surgical procedures and rise in per capita income. Developing regions such as Middle East & Africa and Latin America provides a potential platform for major players for business expansion. Establishment of retail outlets and subsidiaries propel the market growth in MEA and LATAM region.

Historical & Forecast Period

This research report presents the analysis of each segment from 2016 to 2026 considering 2017 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segments are calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

Organic and inorganic market growth strategies were employed to ascertain the CAGR and ME for the report medical aesthetics market. In the scope of the report the market is segmented according to product and regional segment respectively.